7.
| (1) The Corporation shall have its own fund and all moneys received by way of gifts ,testamentary dispositions, transfers, donations, or contributions shall be deposited in the name of the Corporation in one or more banks as maybe decided by the board of Management |
|
| (2) The Corporation may establish a depreciation fund or a sinking fund for the purpose of rehabilitation, development or improvement of the property of the Corporation |
|
| (3) All expenses incurred by the Corporation in the exercise and discharge of the powers and functions of the corporation shall be paid out of the fund of the Corporation. |
|
|
Sri Lanka Consolidated Acts